State Gas Ltd. (AU:GAS) has released an update.
State Gas Limited has announced the successful shipment of its first high-density natural gas (HDNG) cargos, marking a significant step towards establishing sustainable cash flows and leveraging its novel gas compression technology. The HDNG, which is being utilized in a trial for hybrid mine-truck engines at a Central Queensland coal mine, promises to offer a flexible and environmentally superior alternative to diesel. This innovation is set to enhance shareholder returns as the company positions itself as a key energy and technology provider.
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